Market Updates

 ASX 200 jumped on better US markets with the index closing up 127 points (1.9%) as buyers rushed in and window dressing for EOFY took hold. Banks were the major drivers with the Big Bank Basket gaining 3.5% to $164.16. CBA up 4.0% and NAB up 3.4% were the standouts. Insurers also rise with IAG up 0.9% and SUN up 3.6% on demerger talk of the banking business. MQG up 0.6% with NWL rallying 4.8%. He...

Our market is set to start the week on a strong note with SPI Futures up 103 points (+1.59%) following strong leads from the US on Friday night. The Dow finished up 823 points (+2.68%). Get up to speed on the latest with Henry’s Breakfast Briefing. ASX 200 SPI Futures up 103 (1.6%) Dow up 823 points (2.7%) Nasdaq up 375 points (3.3%) S&P 500 up 116 points (3.1%) Base metals fall hard Tim down...

ASX 200 finished the week up 50 points to 6579 (0.8%) as US futures rose and industrials firmed. Positive week for the ASX up 104 points (1.6%). The banks were mixed today as the bond yields collapsed, with the 10-year dropping to 3.69% as recession fears continue. CBA rose 0.5% but the other three big banks slipped with the Big Bank Basket exactly unchanged at $158.57. MQG rallied another 1.1% an...

ASX 200 SPI Futures down 8 points to 6416 Dow up 194 points (0.6%) Nasdaq up 179 points (1.6%) S&P500 up 36 (1.0%) Powell finishes testimony. US 10 year yields fall back to 3.08% Oil falls 1.5%. Gold down 0.5% Base metals under pressure. Copper at 16-month low. Iron ore up 1.8%. US Banks pass stress test. Why not sign up for a free trial ? Get access to expert insights and research and become...

ASX 200 rose 20 points to 6528 (0.3%) in a quiet and cautious day. Once again, the market bifurcated with resources under pressure and banks and industrials rising as 10-year bond yields fell hard on recession fears. The Big Bank Basket rose again to $158.57 (0.4%). MQG rallied 0.8% with insurers up too, QBE better by 2.0% and IAG up 2.8%. ASX rose 2.3% with GQG down 4.5%. REITs also better with y...

ASX 200 SPI Futures down 47 points (0.15%) Nasdaq down 16 points (0.15%) S&P 500 down 5 points (0.13%) VIX down 4.1% Base metals ease. Nickel down 5.9%  Iron ore down another 1.5% Gold unchanged. Oil falls again down 2.5%. Fed chief Powell the focus with semi-annual testimony  Why not sign up for a free trial ? Get access to expert insights and independent research and become a better investor...

ASX 200 falls 15 points to 6509 (0.2%) after a strong start peters out. Base metals and lithium shares walloped today with PLS down 2.8% and CXO down 15.4% with S32 off 1.7% and LYC down 4.3%. Iron ore miners held up with BHP up 0.2% and FMG up 0.2% with gold miners flat. Oil and gas better but oil prices falling in Asia so expect some falls in coming days. STO up 1.2%, WDS up 2.0% and coal stocks...

ASX 200 SPI Futures up 48 points Dow up 641 points (2.2%) Nasdaq up 271 points (2.5%) S&P 500 up 90 points (2.5%) Oil up 0.5%. Gold unchanged. Base metal steady. Iron ore slightly better. US Banks very firm. Could see our banks do well today. Catch-up on the market with Marcus Today's Breakfast Briefing.  Why not sign up for a free trial ? Get access to expert insights and independent res...

The ASX 200 closed up 90 points (+1.4%) to 6524 , the market rallied through the day although finished off highs . The market was little changed by Philip Lowes's RBA speech and minutes from the June meeting. The RBA said the pace of interest rate rise will depend on inflation and the jobs market. The market also enjoyed the RBA downplaying the chances of a 75bp rate rise at the July meeting...

US markets were closed overnight for the Juneteenth Holiday. Our leads are coming from Europe today, with bank stocks leading European markets higher. SPI Futures are up 47 points (+0.74%). Catch up on the latest with Henry's Breakfast Briefing Podcast. ASX 200 SPI Futures up 47 US Markets closed.  European markets up around 1-1.5% Dow Futures up 277  Nasdaq futures up 116 Oil up 0.9% Gold un...

 ASX 200 fell 41 points to 6433 (0.6%) as resources saw a big sell off. Iron ore prices in China fell heavily leaving BHP down 5.3%, RIO off 5.1% and FMG falling 8.6%. Gold miners too joined in with NCM falling 4.6%, NST down 6.1% and EVN off 6.2%. Base metal and lithium stocks eased, PLS down 2.9%, LTR down 1.9% and IGO off 2.6%. Oil and gas stocks under heavy pressure, STO down 6.0%, WDS unwindi...

ASX 200 SPI Futures down 19 points. Dow down 38 points (0.1%) Nasdaq up 152 points (1.4%) S&P500 up 8 (0.2%) VIX down 5.5% Oil falls 5.2% Gold down 1.9% Iron ore tumbles 5.9% US markets closed for Bank Holiday Why not sign up for a free trial ? Get access to expert insights and independent research and become a better investor.

 ASX 200 falls 116 points to 6475 (1.8%) well off lows ahead of US Juneeth Holiday Monday. Good rally into the close. ASX 200 down 6.6% this week. Few sectors were spared today with the Banks falling hard, CBA down 3.6% and NAB down 1.7% hitting 52-week lows. The Big Bank Basket dropped to $153.53 (2.6%). Insurers eased back as QBE fell 2.7% and MQG eased 3.0%. GQG fell 5.5% but MFG actually ralli...

ASX 200 SPI Futures down 135 points Dow down 741 points (2.4%) Nasdaq down 453 points (4.1%) S&P500 down 123 (3.3%) Base metals fall. Oil up 1.1% Iron ore falls 0.3% with Coking coal down 6.2% yesterday in China. Gold up 1.7% as USD falls. Why not sign up for a free trial ? Get access to expert insights and independent research and become a better investor.

 ASX 200 gave up all its early gains to finish down 10 points to 6594 (0.2%). US futures flip flopped and jobs numbers came in better than expected below the headline making it more likely that the RBA has to go harder. The Big Bank Basket slipped again to $157.67 (). CBA down 0.2% and WBC off 1.9% with insurers off as QBE slipped 2.0% and SUN fell 1.0%. MQG held up and Buy Now Pain Later stocks r...

EARLY BRIEFING ASX 200 SPI Futures up 16 points Fed raises rates 0.75% biggest rise since 1994. Dow up 304 points (1.0%) Nasdaq up 271 points (2.5%) S&P500 up 55 (1.5%) Base metals better with Nickel up 2.2% Oil down 2.2% Gold up 0.3% Iron ore down 2%. Why not sign up for a free trial ? Get access to expert insights and independent research and become a better investor.

ASX 200 down 85 points to 6601 (1.3%). Bond yields jump to 4.23% in 10-year yields as minimum wage worries fuel inflation fears. Banks get smacked down with the Big Bank Basket down to $158.25 (%). CBA down 0.6% and NAB off 1.9% with MQG holding firm up 0.5% as insurers rising slightly. SUN up 3.5% and QBE up 2.2%. Fund managers slipped with GQG off 3.1% and MFG down 2.1%. In healthcare CSL droppe...

The Dow fell for a fifth consecutive session ending up down 152 points (-0.5%) as markets remain skittish ahead of the FOMC interest rate decision tonight. SPI Futures are down 40 points (-0.6%) following yesterday’s fall. Get up to speed on all the latest with Henry’s Breakfast Briefing. ASX 200 SPI Futures down 40 points Dow drops another 152 points (0.5%) Nasdaq up 19 (0.2%) S&P 500 down 14...

 ASX 200 fell 246 points to 6686 (3.6%). A surprisingly calm and steady day at least after the collapse at the open. Good rally into the close as US futures rallied. Sideways from the initial dump. All sectors of the market were trashed today with the financials under pressure led by the big four as the Bank Basket fell to $160.11 (3.4%). MQG fell 5.2% as deals are drying up, MFG down just 0.4 % a...

The Aussie market is playing catch up this morning and it is set to be a brutal reaction after two consecutive 800+ point falls on the Dow.  Get up to speed with Henry's Breakfast Briefing. ASX 200 SPI Futures down 183 points. Dow falls another 876 points (2.8%) Nasdaq down 531 points (4.7%) S&P 500 down 151 points (3.9%) VIX up 22.6% Base metals hit. Iron ore down 2% Oil up 0.2% Libyan o...

 ASX 200 finished near lows down 84 points at 6936 (1.3%). Plenty of nerves pre the CPI tonight as banks tried to rally before being ambushed again. The Big Bank Basket fell to $165.76 (1.2) with CBA off 1.2% and MQG dropping 3.5%. Insurers also easier despite yields rising on bonds. QBE down 2.0% and IAG off 2.6%. Fund managers fell again, GQG down 1.2% and MFG down 4.2%. Industrials continued to...

The Dow finished down 638 points (-1.94%) in a late sell-off ahead of tonight’s key CPI print. SPI Futures are indicating another down day for Australian markets, down 55 points (-0.78%) this morning.  Get up to speed with Henry’s Breakfast Briefing. ASX 200 SPI Futures down 55 points Dow falls 638 points (1.9%) Nasdaq down 332 points (2.8%) S&P 500 down 98 (2.4%) Oil falls 0.4%. Gold down 0.2...

ASX 200 fell another 101 points today to 7020 (-1.4%) as once again banks saw widespread selling and resources eased despite good numbers from China. The Big Bank Basket fell to $167.72 (2.6%). CBA down 2.6%, WBC down another 3.7%. MQG held up with a small loss, insurers were under a little pressure, QBE down 0.7% and MFG rose 2.2% on news of Hamish. Industrials were patchy with CSL up 0.3% and RH...

The oil price narrative dominated headlines with Goldman forecasting prices of US$140 a barrel with fears of further inflation spooking the market had the Dow finishing down 269 (-0.89%).  SPI Futures following leads from the US down 54 points (-0.76%).  Catch up on the latest with Henry’s Breakfast Briefing. ASX 200 SPI Futures down 54 points Dow down 269 points (0.8%) Nasdaq down 89 poimnts (0.7...

ASX 200 rises 25 points to 7121 (+0.4%) as the bifurcation continues. Banks in the doghouse on fears for growth, housing and NIM. The Big Bank Basket fell to $172.25 (-4.3%), now around 9% off its recent highs. WBC down 6.1%, CBA down 4.4% Other financials doing much better, MQG up 1.0%, QBE up 1.4% and SUN up 1.3%. MFG still fell another 4.3%, PTM up 0.9% on FUM numbers. Healthcare was also bette...